Bank Iowa Home Equity Line of Credit (HELOC)

Unlock your home’s potential with a HELOC

Untap the equity in your most valuable asset – your home. A Home Equity Line of Credit (HELOC) lets you access your home’s equity for the things that matter most, from home improvements to consolidating debt or covering major expenses. With a HELOC from Bank Iowa, you’ll get the flexibility and financial freedom to reach your financial goals.

What is a Home Equity Line of Credit (HELOC)?

A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows you to borrow against the equity in your home. You can borrow and repay funds as needed while only paying interest on the amount you borrow.

Benefits of a HELOC:

•  Access Funds as You Need Them: You only borrow what you need - when you need it, giving you maximum flexibility.
• Competitive Rates: HELOCs typically offer lower interest rates than personal loans or credit cards.
• Flexible Repayment Terms: You can often choose between interest-only payments during the draw period, or pay down principal and interest for a faster payoff.
• Tax Advantages: In some cases, interest paid on your HELOC may be tax-deductible, particularly if used for home improvements. Always consult a tax advisor.

To see if a home equity loan or line of credit* is right for you apply below or contact us at your nearest location today.

Apply for a HELOC

*Subject to credit approval  

Why Choose a HELOC?

Here are some common reasons homeowners choose a HELOC:

Home Improvements

Need to update your kitchen, remodel your bathroom, or build an addition? A HELOC is a great option for financing home improvement projects. Not only will you enhance your home’s value, but you can access the funds over time as the project progresses.

Debt Consolidation

Do you have high-interest credit card debt or other loans? Use your HELOC to consolidate and pay off multiple high-interest debts. This can help simplify your finances and potentially lower your monthly payments, freeing up cash for other needs.

Education Expenses

Whether it’s for your child’s college tuition or your own continuing education, a HELOC can be a flexible way to cover education costs while keeping your borrowing rates low.

Emergency Expenses

Life happens. If you face unexpected expenses, such as medical bills or car repairs, a HELOC gives you easy access to funds when you need them most.

Ready to Access Your Home's Equity?

If you’re ready to unlock the potential of your home, a home equity line of credit from Bank Iowa is a great option. Whether you're making home improvements, consolidating debt, or covering unexpected costs, we’re here to help.

Get started today by applying for a HELOC with one of our mortgage professionals, or through our easy-to-use Mobile Mortgage app.

*Subject to credit approval